ViclreTrade

ViclreTrade Jan 24, 2022

Bullish clues: - Strong uptrend in the commodity markets for a few years - Double bottom last week - Kind of a morning star candlestick pattern - Above the neutrality zone on the Relative Strength Index (RSI > 50) , with a strong support - The 200 Exponential Moving Average is a good support - Strong rebond on the Kijun-sen (Ichimoku...

ViclreTrade Jan 24, 2022

Bullish clues: - Strong uptrend : x4 in 1 year - Symmetrical triangle , a continuation pattern - Above the neutrality zone on the Relative Strength Index (RSI > 50) , with a strong support - The 40 Exponential Moving Average is a good support - Stay above the 70% retracement zone Objective: My first objective is €89, the last swing high, reached...

ViclreTrade Updated  Jan 13, 2022

Cup & Handle pattern => BULLISH Divergence ( RSI ) in the overbought zone => BEARISH We are at the 50% Fibonacci retracement level. Who will win?

ViclreTrade Updated  Jan 13, 2022

The trend is currently bullish. If the cup & handle pattern is confirmed and the black trendline (resistance) in broken to the upside => objective is 1.34228 But, keep in mind that USD/CAD is highly (93%) negatively correlated to oil. Therefore, if oil price goes up, USD/CAD goes down.

ViclreTrade Updated  Jan 13, 2022

Bearish clues: - Triangle , breakdown with a strong bearish candlestick. - Below the neutrality zone on the Relative Strength Index (RSI < 50). - Breakdown of the 100 Exponential Moving Average , which was a good support. - Breakdown of the Modified Pitchfork. Fundamental news: (from Reuters) - The supply minister of Egypt released on...

ViclreTrade Updated  Jan 13, 2022

Global uptrend, with an ascending triangle: the price has just broken up the resistance of the triangle. The objective corresponds to the 50% Fibonacci extension level. The bearish divergence on the Relative Strength Index (RSI) has just been invalidated Fundamentals: dry climate conditions in South America (Argentina and Brazil) threaten corn (as well as...

ViclreTrade Updated  Jan 10, 2022

Global uptrend with a bullish diamond on the support (with a bullish harami pattern inside the diamond) => STRONGLY BULLISH But wait for the confirmation of the bullish diamond and the break up of the 100-period moving average. Pay attention to the bearish divergence on the Relative Strength Index (RSI)

ViclreTrade Updated  Jan 3, 2022

Symmetrical triangle => BULLISH Break up of the 200-period moving average => BULLISH Fundemantals: dry climate conditions in South America (Argentina and Brazil) = less production => BULLISH Well supported by the RSI , which could enter the acceleration movement => BULLISH

ViclreTrade Updated  Nov 30, 2021

On a daily timeframe, a bullish divergence on the Relative Strength Index (RSI) happened from end of March to end of August 2021, which led to an increase of the oil price since end of August (from $61.00 to $80.00). But for now, since beginning of March, a bearish divergence on the Relative Strength Index (RSI) is in progress: the oil price is increasing (from...

ViclreTrade Updated  Nov 26, 2021

To complete the previous post about RSI divergences on the oil market: On a hourly timeframe, a weak bullish divergence on the Relative Strength Index (RSI) happened from end of September to beginning of October 2021, which led to an increase of the oil price since end of August (from $75.00 to $80.00). But for now, since end of September, a stronger bearish...

ViclreTrade Updated  Oct 13, 2021

B ullish clues: - General uptrend since October 2019 - Symmetrical triangle , and coffee price just perfectly rebound on the symmetrical triangle's support and the 50 EMA - Bullish Harami on the support - Hidden Bullish Divergence on the Relative Strength Index ( RSI ) - 50 Exponential Moving Average act as a support Fundamental news: (from...

ViclreTrade Updated  Oct 13, 2021

Bearish clues: - General downtrend since August 2021 - Ascending wedge , breakdown with a bearish engulfing candlestick pattern - Bearish Divergence on the Relative Strength Index (RSI) + below the neutrality zone (RSI < 50) - Pullback done on a resistance zone around $5.40/bushel - Breakdown of the 150 Exponential Moving Average Fundamental...

ViclreTrade Updated  Oct 9, 2021

Bullish clues: - General uptrend since May 2021 - Ascending triangle , and USD/CAD just perfectly rebound on the ascending triangle's support and the 150 EMA - Hidden Bullish Divergence on the Relative Strength Index ( RSI ) - Increase of volumes Fundamental news: - Oil price was increasing and CAD was decreasing for 3 weeks, because USD/CAD...

ViclreTrade Updated  Oct 9, 2021

Bullish clues: - Support zone at $1,760 USD - Strong bearish rejection of candlesticks on the support zone - Rebound on the upper band of a former bearish channel - CCI ( Commodity Channel Index ) is currently oversold - Inverted Head & Shoulders pattern (neckline exactly corresponds to the 38.2% Fibonacci retracement level ) Fundamental news: - ...

ViclreTrade Updated  Oct 2, 2021

Bullish clues: - General uptrend since mid of June - Ascending triangle , with a strong resistance at $13.795 USD - Prices are making a buildup , sign of an upcoming strong resistance break up - Strong bearish rejection of candlesticks on the resistance (buyers are not able to get the price down) - Bullish Harami and Bullish Engulfing at the...

ViclreTrade Updated  Sep 24, 2021

Bearish clues: - Broke down the 100 and 150 Exponential Moving Averages - Rebound on the 78.6% Fibonacci retracement level - Relative StrengtH Index ( RSI ) is below the level of 50 (sign of downtrend) - Head & Shoulders pattern Fundamental news: - The drop in US Treasury yields is outpacing that of European yields , giving levity to EUR/USD rates,...

ViclreTrade Updated  Sep 24, 2021

- Strong support at $6.80/bu with strong rejection candlesticks (hammer) - Bullish engulfing on this support - Rebound on the 150 Exponential Moving Average - Broke up the 100 Exponential Moving Average - Rebound on the 38.2% Fibonacci retracement level - Hidden bullish divergence on Relative Strenght Index ( RSI ) - Head & Shoulders pattern ...

ViclreTrade Updated  Sep 21, 2021

Bearish clues: - The general trend has been downward since mid of August 2021 - Wheat has formed a Head & Shoulders pattern (with the 61.8% Fibonacci retracement level as the neckline). This neckline was broken down yesterday with a large amount of volume - The right shoulder formed a double top - The volume indicates that sellers took the advantage:...